ICYMI - German December inflation came in much higher than estimated ...Middle East

Germany December preliminary CPI +2.6% vs +2.4% y/y expectedFor some context, it was at 2.7% back in September. Stagflation much?

Ugh.

This is going to cast doubt on the pace of expected European Central Bank rate cuts in 2025. Pricing is currently for around 100 basis points of cuts in 2025. EUR/USD rose on Monday with all this.

This article was written by Eamonn Sheridan at www.forexlive.com.

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